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This test consists of 15 multiple choice questions and 5 short answer questions.

Multiple Choice Questions

1. From what school does Leonard Bublick, the trainee who gets hit in the head with a paper wad thrown by the former U.S. Navy fighter pilot, get his M.B.A.?
(a) University of Indiana.
(b) Yale.
(c) Oberlin.
(d) University of Iowa.

2. The back row trainees at Solomon Brothers are victims of the myth that a trader is a _____.
(a) Dictator.
(b) Messiah.
(c) Savage.
(d) Quarterback.

3. More than any other firm on Wall Street, Salomon Brothers is run by _______.
(a) Analysts.
(b) Traders.
(c) Corporate finance.
(d) Mutual fund managers.

4. The face of Dale Horowitz reminds the author of whom?
(a) Ronald Reagan.
(b) Bugs Bunny.
(c) Yogi Bear.
(d) Donald Duck.

5. Lewis thinks Henry Kaufman is the guru of he bond market and also the _____ of Salomon Brothers.
(a) Htachet man.
(b) Driving force.
(c) Heartbeat.
(d) Conscience.

6. What is a phrase the author uses to describe Meriwether's value to Salomon Brothers?
(a) Zen-like master.
(b) Extreme cowboy.
(c) Arbitrage boss.
(d) Head honcho.

7. According to the author, the reason Wall Street has initially ignored his resume is that all the representatives from large firms say that he lacks ______.
(a) Commercial instincts.
(b) Chutzpah.
(c) A wealthy background.
(d) Motivation.

8. A _____ of personal popularity is how Lewis thinks trainees are chosen by managers.
(a) Cult.
(b) Grand illusion.
(c) Ponzi scheme.
(d) Bee's nest.

9. What is another word for savings and loan?
(a) House bank.
(b) Home store.
(c) Penny house.
(d) Thrift.

10. For the author, the stigma of getting a job through connections is worse than the stigma of ______.
(a) Getting a PhD.
(b) Waiting tables.
(c) Starting at the bottom.
(d) Unemployment.

11. According to the author, in order for the home mortgage to become a bond, it has to be _____.
(a) Depersonalized.
(b) Reversed.
(c) Inflated.
(d) Refinanced.

12. When Matty Olivia leaves Salomon Brothers in a huff for the joke the mortgage guys play on him, the author attributes his return to the notion that he is bound by _____.
(a) Family obligation.
(b) Contract.
(c) Golden handcuffs.
(d) Unwritten loyalty.

13. What sort of important dinner is the author invited to attend?
(a) A fund raiser.
(b) A company dinner for Salomon Brothers.
(c) A head-hunting dinner.
(d) A celebrity dinner.

14. The front-row people in the Salomon Brothers training program are generally from which business school?
(a) Yale.
(b) Wharton.
(c) Harvard.
(d) Princeton.

15. One of the major incentives that legislators create to encourage the borrowing of money is the _____ of mortgage payments.
(a) Variability.
(b) Investment advantage.
(c) Price reduction.
(d) Tax deductibility.

Short Answer Questions

1. Who is considered the baby-sitter and organizer of the training program?

2. Lewis observes that the cruelty that traders bestow on everyone in their wake is _____.

3. What dollar amount does Meriwether counter Gutfreund's bet with?

4. A trainee asks Horowitz about why the company's largest shareholder is from which country?

5. Gutfreund's challenging of Meriwether to a game of Liar's Poker is his way of showing he is ______.

(see the answer keys)

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